Singapore-based Elara Technologies Raises $35 million in Fresh Funding
Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round.
The round was led by Citi Singapore and these funds are being planned to be used for business growth. The investment will be made in the brand building, product & technology, sales force and geographic expansion.
"Our consistent high double-digit growth momentum and mode of financing reflect the strong fundamentals of our company. We expect this funding to catalyze our next phase of growth and build our leadership in the rapidly expanding digital real estate space in India" stated Dhruv Agarwala, Group CEO of all the three brands of Elara Technologies.
Housing.com had recently claimed that its revenues had im...